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Crown Holdings Inc. (CCK)

  • Wed, Feb. 18, 2:25 PM
    • Ball Corp. (BLL +2.4%) is close to a deal to purchase U.K. rival Rexam and could be announced as early as this week, WSJ reports, in a move that would create the world’s largest beverage can maker.
    • The companies said earlier this month they were negotiating a cash-and-share offer that would value Rexam at ~£4B ($6.2B), but some analysts pointed to regulatory concerns as an impediment to a deal.
    • A combination would leave its nearest rival, Crown Holdings (CCK +3.1%), trailing with 19% market share.
    | Wed, Feb. 18, 2:25 PM | Comment!
  • Thu, Feb. 5, 8:37 AM
    • Ball Corp. (NYSE:BLL) +4% premarket after confirming it is in talks about buying U.K.-based rival Rexam, a move that would combine two of the world’s biggest can makers.
    • Rexam says the two companies are discussing a possible share and cash offer worth ~610 pence/share, which would value it at more than £4B ($6B).
    • Rexam and Ball, together with Crown Holdings (NYSE:CCK), account for more than 60% of global beverage can volumes, and nearly 90% in Europe, North and South America.
    • Earlier: Ball misses by $0.01, beats on revenue
    | Thu, Feb. 5, 8:37 AM | 1 Comment
  • Sep. 24, 2013, 4:32 PM
    • Crown Holdings (CCK) -4.6% AH after issuing downside Q3 guidance, lowering expected EPS to $1.05-$1.10 from $1.15-$1.25 vs. $1.21 analyst consensus.
    • The revised outlook reflects lower than expected end-user demand in certain of CCK's markets, including European food cans and North American beverage cans.
    • CCK expects to record an after-tax restructuring charge of ~$32M, or $0.21/share, in Q3, reflecting headcount reduction across its European operations.
    | Sep. 24, 2013, 4:32 PM | Comment!
  • Apr. 17, 2013, 5:45 PM
    After-hours top gainers, as of 5:15 p.m.: CONE +9%. SLCA +4%. MXIM +4%. LNC +4%. MHR +3%.
    After-hours top losers: SCSS -7%. CCK -4%. SNDK -3%. NAVB -3%. EBAY -2%.
    | Apr. 17, 2013, 5:45 PM | Comment!
  • Apr. 17, 2013, 5:07 PM
    Crown Holdings (CCK): Q1 EPS of $0.5 beats by $0.01. Revenue of $1.97B misses by $0.05B. Shares -3.7% AH. (PR)
    | Apr. 17, 2013, 5:07 PM | Comment!
  • Dec. 14, 2011, 1:16 PM
    Crown Holdings (CCK +3.3%) posts a gain on word the company will buy back shares from Barclays Bank under an accelerated repurchasement program.
    | Dec. 14, 2011, 1:16 PM | Comment!
  • Oct. 19, 2011, 10:27 AM
    Crown Holdings (CCK) tacks on a 3.3% gain after beating estimates on Q3 EPS by two cents. Strong demand for the company's food products in Brazil and Asia helped push the company's percentage of sales outside the U.S. to 73%.
    | Oct. 19, 2011, 10:27 AM | Comment!
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Company Description
Crown Holdings Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company's primary products include steel & aluminum cans for food, beverage, household and other consumer products and metal vacuum closures.